5 Best Undervalued Stocks to Buy According to Reddit

4. ArcelorMittal S.A. (NYSE:MT)

Number of Hedge Fund Holders: 19

ArcelorMittal S.A. (NYSE:MT) operates as integrated steel and mining companies in the Americas, Europe, Asia, and Africa. On December 12, investment advisory JPMorgan upgraded ArcelorMittal S.A. (NYSE:MT) stock to Overweight from Neutral and raised the price target to EUR 30 from EUR 20. 

At the end of the third quarter of 2023, 19 hedge funds in the database of Insider Monkey held stakes worth $142 million in ArcelorMittal S.A. (NYSE:MT), the same as in the preceding quarter worth $179 million.